Norbit ASA (OSTO:NORBITO) Interest Expense : kr-23 Mil (TTM As of Dec. 2024)

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What is Norbit ASA Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Norbit ASA's interest expense for the three months ended in Dec. 2024 was kr -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was kr-23 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Norbit ASA's Operating Income for the three months ended in Dec. 2024 was kr 148 Mil. Norbit ASA's Interest Expense for the three months ended in Dec. 2024 was kr -9 Mil. Norbit ASA's Interest Coverage for the quarter that ended in Dec. 2024 was 15.96. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Norbit ASA Interest Expense Historical Data

The historical data trend for Norbit ASA's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Norbit ASA Interest Expense Chart

Norbit ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-1.00

-8.20

-16.20

-29.70

-23.10

Norbit ASA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-7.70	-0.50	-8.70	-4.70	-9.30

Norbit ASA Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-23 Mil.

Norbit ASA (OSTO:NORBITo) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Norbit ASA's Interest Expense for the three months ended in Dec. 2024 was kr-9 Mil. Its Operating Income for the three months ended in Dec. 2024 was kr148 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was kr522 Mil.

Norbit ASA's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	148.4	/	-9.3
	=	15.96

The higher the ratio, the stronger the company's financial strength is.

Norbit ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Norbit ASA (OSTO:NORBITo) » Definitions » Interest Expense

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NORBT:Norway 4NK:Germany

Address

Stiklestadveien 1, Trondheim, NOR, NO-7041

Website

https://www.norbit.com

Norbit ASA is l provider of tailored technology to selected applications by solving challenges through solutions. It operates in three segments namely, the Oceans segment which delivers tailored technology and solutions to the maritime markets, Connectivity (ITS) segment which offers tailored connectivity solutions based on short-range communication technology to intelligent traffic systems and truck applications, and The Product, Innovation & Realization (PIR) segment offers R&D services and contract manufacturing services to key customers. It has manufacturing facilities in Selbu and Roros. It derives maximum revenue from Oceans Segment.

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